Professional Client

An investor that is able to meet several regulatory criteria.

An investor that is able to meet several regulatory criteria.

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Oligopoly

A situation in which a market or industry is controlled by a small group of companies.
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Account balance

The amount of money a user has stored in a financial repository.
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Internal Rate of Return (IRR)

A means of calculating the potential future return on an investment.
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index-linked gilts

Gilts where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI). This is as opposed to a conventional gilt, where the dividends and principal repayments are fixed in nominal terms.
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W-8BEN Form

Non-US individuals and businesses may have to file this form for the Internal Revenue Service (IRS), the US tax authority.
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Time Value of Money

The concept that money you have now is more valuable than the same sum in the future.
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Clean price

The quoted price of a gilt, which excludes accrued interest
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Growth stocks

These are stocks in companies that are considered to be “growing”. These companies may be delivering new products and services, or entering new markets.
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Alpha

The percentage by which an investor outperforms a relevant benchmark.
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